Otedola backs windfall tax, says banks maintain private jets with $50m yearly
Femi Otedola, a billionaire businessman, has said Nigerian banks are spending an estimated $50 million on the maintenance of private
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Stock investors lose N1trn in July amid banks’ capital raising
Investors in the Nigerian stock market saw the value of their holdings fall by N1.05 trillion in July amid banks’
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Salt refiner NASCON’s profit dips as inflation, devaluation bite
Nascon Allied Industries Plc, a salt refiner owned by Dangote Industries Limited, reported a 16 percent drop in its pretax
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FBN Holdings suffers N165bn forex loss in six months
FBN Holdings Plc, the parent company of First Bank of Nigeria, posted a foreign exchange loss of N165.05 billion in
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Dangote Sugar’s half-year loss widens fivefold to N144bn on weaker naira
Dangote Sugar Refinery Plc saw its loss after tax widen to N144.01 billion in the first half of this year
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BUA Foods’ profit shrugs off N54.67bn FX loss in H1
BUA Foods reported a profit before tax of N137.19 billion in the first half of this year, up from N109.38
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Seplat Energy’s oil output declines on drilling campaign delays
Seplat Energy Plc says its total oil production fell by 4.7 percent to 48,407 barrels of oil equivalent per day
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BUA Cement’s N40bn FX loss drags down half-year profit
BUA Cement Plc reported a decline in its profit before tax for the first half of this year as its
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UAC profit jumps more than fourfold in H1
UAC of Nigeria Plc saw its profit before tax surge more than fourfold in the first half of 2024 to
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Nigerian Breweries’ half-year loss widens to N116.34bn
Nigerian Breweries Plc posted a loss after tax of N116.34 billion in the first half of this year, up from
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